Sunday, March 17, 2019

Sunday Night Futures

by Calculated Risk on 3/17/2019 08:34:00 PM

Weekend:
Schedule for Week of March 17, 2019

FOMC Preview

Monday:
• 10:00 AM, The March NAHB homebuilder survey. The consensus is for a reading of  63, up from 62.  Any number above 50 indicates that more builders view sales conditions as good than poor.

From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 and DOW futures are down slightly (fair value).

Oil prices were up slightly over the last week with WTI futures at $58.39 per barrel and Brent at $67.07 per barrel.  A year ago, WTI was at $62, and Brent was at $65 - so WTI oil prices are down less than 10% year-over-year, and Brent is up slightly.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.54 per gallon. A year ago prices were at $2.54 per gallon, so gasoline prices are unchanged year-over-year.